HCL Technologies
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Front view of HCL Technologies
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| Public company | |
| Traded as | : : HCLTECH |
| Industry | IT services, IT consulting |
| Founded | 11 August 1976 |
| Founder | Shiv Nadar |
| Headquarters | Noida, India |
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Area served
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Worldwide |
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Key people
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Shiv Nadar (Chairman & CSO) C Vijayakumar (President & CEO) |
| Services | IT, business consulting, and outsourcing services |
| Revenue |  US$6.746 billion (FY'17 Q3 LTM) |
| US$1.380 billion (FY'17 Q3 LTM) |
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| Profit | US$1.198 billion (FY'17 Q3 LTM) |
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Number of employees
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111,092 (FY'17 Q3 LTM) |
| Parent | HCL Enterprise |
| Website | HCLTech |
HCL Technologies Limited is an Indian multinational IT services company, headquartered in Noida, Uttar Pradesh, India. It is a subsidiary of HCL Enterprise. Originally a research and development division of HCL, it emerged as an independent company in 1991 when HCL ventured into the software services business. HCL Technologies (the abbreviation of Hindustan Computers Limited) offers services including IT consulting, enterprise transformation, remote infrastructure management, engineering and R&D, and business process outsourcing (BPO).
The company has offices in 34 countries including the United States, European countries like France and Germany, and Northern Ireland in the United Kingdom. It operates across a number of sectors including aerospace and defense, automotive, consumer electronics, energy and utilities, financial services, government, industrial manufacturing, life sciences and healthcare, media and entertainment, mining and natural resources, public services, retail and consumer, semiconductor, server and storage, telecom, and travel, transportation, logistics, and hospitality.
HCL Technologies is on the Forbes Global 2000 list. It is among the top 20 largest publicly traded companies in India with a market capitalisation of $22.1 billion as of May 2015. As of August 2015, the company, along with its subsidiaries, had a consolidated revenue of $6.0 billion.
In the summer of 1976, a group of six engineers, all former employees of Delhi Cloth & General Mills, led by Shiv Nadar, started a company that would make personal computers. Initially floated as Microcomp Limited, Nadar and his team started selling teledigital calculators to gather capital for their main product. On 11 August 1976, the company was renamed to HCL.
On 12 November 1991, a company called HCL Overseas Limited was incorporated as a provider of technology development services. It received the certificate of commencement of business on 10 February 1992 after which it began its operations. Two years later, in July 1994, the company name was changed to HCL Consulting Limited and eventually to HCL Technologies Limited in October 1999. HCL is the abbreviation of Hindustan Computers Limited.
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